The global silo bags market is expected to reach at a CAGR of 7% during the forecast period 2021 to 2030. Silo bags are an easy means for on-farm segregation of commodities, thereby providing identity preservation, which is likely to augment the expansion of silo bags market in the years to come.
Packaging plays an important role for any product, as it is the first touch and visual point for customers. In addition to its role in marketing, packaging is vital for bulk shipping and protection. The silo bags market is driven by greater awareness about grain wastage during the process of cultivation. The population explosion in emerging economies is creating huge pressure on the overall production of crops. Silo bags can provide the necessary protection, allowing farmers to meet the increasing demand for crops. The relative cost-effectiveness of silo bags is poised to fuel demand in the silo bags market during the forecast period.
The market is estimated to be propelled due to their advantage of simplifying harvest logistics by providing flexible storage at a suitable location especially when permanent storage is a constraint.
The COVID-19 pandemic has caused supply chain disruptions, but food producers are adopting social distancing measures while loading and unloading trucks and containers. Handling, grading, and packaging needs are being undertaken by food producers with the help of silo bags to ensure food security. The silo bags market is advancing with the proliferation of IoT and blockchain technologies. However, silo bags are subject to frequent breakage of the plastic film, which leads to rodent attacks and food losses. Hence, companies should educate food producers to optimize their storage practices in order to avoid food wastage. Cutting-edge silo loading systems are being mobilized in multiple storage locations.
Preference for Convenience Packaging Boosts Silo Bags Market
A shift toward convenience packaging is assessed to be a prominent driver for the silo bags market. Modern farmers are discerning customers who need low cost, high performance, and flexible plastic sheets that can fit in a limited amount of space. This has led to innovative and creative solutions in the silo bags market. There is a strong demand for both smaller as well as medium-sized silo bags, as they improve the farmer’s ability to wait until there is a better time to process, handle, and deliver grains.
With frequent technology upgrades, different types of machines such as rotary bagger machines are used to fill grains in silo bags. The machine has a grid at the end of the sealed bag that builds up a certain amount of pressure while filling up the bag. The other types of baggers are grinder hopper and bagger, truck bagger, and farm bagger hopper and auger.
Proliferation of IoT in Agroindustry Bolsters Market Growth
The silo bags market is expected to expand at a growth of 7% during the assessment period. With the proliferation of IoT (Internet of Things) in the agricultural industry, producers are harnessing the advantages of the technology. For instance, Wiagro— a provider of wireless solutions for agriculture, is manufacturing smart silo bags that facilitate real-time monitoring of grains inside the bag with the help of the IoT technology.
Blockchain-based traceability platforms are bringing a significant change in the silo bags market. These platforms help in efficient transportation and reduce food losses worldwide. Moreover, producers are able to access information regarding food grains from remote locations through online capabilities. Blockchain-based traceability platforms are helping producers to store information that plays a key role in post-harvest storage processes. Thus, the blockchain technology is ensuring reliability in grain quality.
Silo Bags or Gunny Bags: Which Are Better?
Silo bags are a more cost-efficient solution as compared to gunny bags for grain storage. However, limited unitary capacity of silo bags and the need for large land area for storage are some of its disadvantages. As such, silo bags can be stored under optimal conditions and this advantage is helping manufacturers in the silo bags market to increase unit uptake.
Apart from grain storage, companies in the silo bags market are expanding their business in composting applications. Proper management of organic waste is an indispensable part of farming and harvesting activities. Farmers are increasingly using silo bags for proper management of organic waste. Silo bags are eliminating concerns regarding liquid spills and undesirable odors. The growing demand for closed composting systems has led to increased sales of silo bags.
Food Security and Demand for Good Grain Quality Creating Business Opportunities
The silo bags market is projected to witness a Y-o-Y growth during the forecast period. Cutting-edge silo loading systems are contributing toward market growth. Lorandi Silos— a specialist in material handling and storage, is manufacturing robust silo loading systems that can be moved by forklift for loading applications at multiple locations.
The increasing world population has stressed the importance of food security. This can be achieved with silo bags that help to maintain the quality of grains. With increasing yields in the upcoming years, manufacturers in the silo bags market need to boost their output capacities in order to safely distribute food grains worldwide. Due to the growing demand for good grain quality, producers are looking for ways to optimize their storage facilities.
Changing Demographics Impact Silo Bags Market
Demographics have an outsized influence on the global silos market and motivate the grain storage industry, culminating in the growth of the silo bags market. The emphasis of the silo bags market is to target small-scale farmers who typically cultivate crops in a paddock. Key stakeholders in the silo bags market are recommended to cater to the need of smaller farmers over their larger counterparts as a first priority. Silo bag manufacturers can work on products that serve smaller farmers and fulfill their requirements one of which is storage at the site of harvest, thereby substantially reducing the cost of transportation.
Increasing Preference for e-Commerce to Increase Sales of Silo Bags
In the last decade, penetration of silo bags market through Internet/e-Commerce retailing has gained momentum, as it is perceived to be very convenient and economical for buyers to make purchase. People across the globe can use the Internet as a medium to place their order of silo bags of various length and made of various different material type, along with all the accessories and proper guidance. Players of silo bags market such as UP North Plastics has started offering their products online to their customers, thus boosting the sales of silo bags.
Competition Landscape
The global silo bags market is highly fragmented in nature into which, a larger portion of market share is held by domestic market players. Some of the key players operating in the global silo bags market are RKW SE, Panama Group, RPC Group Plc, Ipesa - Rio Chico S.A, Grainpro Inc., Plastar S.A, Canadian Tarpaulin Manufacturer, Up North Plastics Inc., and Plastika Kritis S.A.
The tier structure is formulated on the basis of segmental revenue and market share of the company. As per tier structure, RKW SE, Up North Plastics Inc., and RPC Group Plc are the tier 1 players in the silo bags market. These players are focusing on expansion, acquisitions, and product development to gain a competitive edge in the market. Tier 2 players include Ipesa - Rio Chico S.A., Grainpro, Inc, Panama Group, Plastar S.A., and Canadian Tarpaulin Manufacturer.
Market Segmentation
By Length Type
By Material Type
By Application
By Region
Scope of the Report
Vision Research Reports (VRR) started a new study on the global silo bags market, providing forecast for the period of 2020-2026. In the study, growth opportunity for the silo bags market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the silo bags market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.
Key Questions
Key indicators associated with the silo bags market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global silo bags market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of silo bags. Furthermore, forecast factors and forecast scenarios of the silo bags market have been covered in the report to understand future prospects of the market.
A comprehensive evaluation and forecast on the silo bags market are provided on the basis of length type, material type, application, and region.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The silo bags market is analyzed at both regional and country levels.
The report delivers an exhaustive assessment on the structure of the silo bags market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of silo bags manufacturers by leveraging an intensity map. It also highlights key end users for silo bags.
Research Methodology
A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the silo bags market for the study evaluation period. The TMR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.
Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the silo bags market. The report has further undergone a cross-validation by in-house professionals to make the silo bags market report one-of-its-kind, with the highest credibility.
Cross-segment Market Size and Analysis for
Mentioned Segments
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